Short Interest in Linkhome Holdings Inc. (NASDAQ:LHAI) Increases By 10,801.8%

Linkhome Holdings Inc. (NASDAQ:LHAI) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 1,923,520 shares, an increase of 10,801.8% from the June 30th total of 17,644 shares. Based on an average trading volume of 48,669,933 shares, the short-interest ratio is currently 0.0 days. Currently, 17.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. 683 Capital Management LLC acquired a new stake in Linkhome during the 4th quarter worth approximately $573,000. Millennium Management LLC acquired a new position in Linkhome in the 3rd quarter valued at approximately $268,000. OMERS ADMINISTRATION Corp acquired a new position in Linkhome in the 4th quarter valued at approximately $175,000. Goldman Sachs Group Inc. bought a new position in shares of Linkhome during the fourth quarter valued at $101,000. Finally, Citadel Advisors LLC bought a new position in shares of Linkhome during the third quarter valued at $120,000.

Linkhome Stock Performance

Shares of LHAI opened at $0.90 on Friday. Linkhome has a 52 week low of $0.53 and a 52 week high of $15.66. The stock has a market capitalization of $14.64 million and a price-to-earnings ratio of -45.11. The stock has a fifty day moving average of $0.99 and a 200-day moving average of $1.59.

Linkhome (NASDAQ:LHAI) last released its quarterly earnings data on Wednesday, May 13th. The company reported ($0.01) earnings per share for the quarter. Linkhome had a negative net margin of 2.21% and a negative return on equity of 7.17%. The firm had revenue of $4.91 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Linkhome in a report on Monday, June 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

About Linkhome

Linkhome is an artificial intelligence-driven property technology company. By using HomeGPT, a Linkhome-developed real estate artificial intelligence model, combined with financial innovation and in conjunction with our dedicated team of agents, we have made significant and cost-effective improvements to the business model of buying and selling homes. Through our subsidiaries, we operate an artificial intelligence real estate platform with the goal of providing customers with end-to-end real estate solutions and services, initially comprising real estate brokerage services, Cash Offer, and other services like property rental management and home renovation.